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Article 7 Application of section 63ZA to a continuing approvalI1

United Kingdom

Section 63ZA (variation of senior manager’s approval at request of relevant authorised person)f1 applies to a continuing approval to perform a designated senior management function in relation to the carrying on of a regulated activity by a relevant authorised person as it applies to an approval that is granted subject to conditions, but as if references to the appropriate regulator f2 were to the regulator who is treated under article 4(1)(b) as having given the continuing approval.

Annotations

Commencement

I1

Art. 7 in force at 26.3.2015, see art. 1(1)

Footnotes

f1

Section 63ZA is inserted together with sections 63ZB and 63ZC by the 2013 Act, section 26.

f2

For the purposes of section 63ZA, “appropriate regulator” is defined in section 63ZA(2).